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Hilton Metal Forging Ltd. - Outcome of Board Meeting

| Updated on May 16, 2019

Re.: Outcome of the Board Meeting held today

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of our Company at their Meeting held today i.e. 16th May, 2019, has inter alia, considered and approved the following:

1. Audited Standalone Financial Results for the fourth quarter ended on 31st March 2019 and Audited Financial Statements for the year ended on 31st March, 2019 along with the Auditors Report thereon;

2. Reclassification of Authorized Share Capital and subsequent alteration to Memorandum of Association subject to the approval of Shareholders in the ensuing Extra Ordinary General Meeting;

3. Raise funds by way of issue of Redeemable Preference Shares on preferential allotment basis subject to the approval of Shareholders in the ensuing Extra Ordinary General Meeting;

4. Draft notice of Extra Ordinary General Meeting to be held on 17th June, 2019; and

5. Appointment of Mr. Sandeep Ravindra Shah (DIN: 06402659) as a Non-Executive Independent Director for a term of five (5) years with effect from 15th May, 2019 subject to the approval of Shareholders in the ensuing Extra Ordinary General Meeting.

6. To note the Resignation of Harmohindar Singh Dhingra Non-Executive Independent Director with effect from 16th May, 2019.




We wish to inform you that the Board Meeting commenced today at 1.00 P.M and concluded at 5.30 P.M.

Kindly take the same on record and oblige.

Pdf Link: Hilton Metal Forging Ltd. - Outcome of Board Meeting

Source : BSE - www.bseindia.com

Published on May 16, 2019

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